Stefanos Mitsi, the former Chief Executive Officer (CEO) of IronFX UK, has joined binary options provider BDSwiss Holding Plc as its newest CEO, Finance Magnates has learned.
Back in September, Mr. Mitsi parted ways with IronFX Global UK Ltd., just six months after being promoted as its CEO. Mr. Mitsi had been elevated to the rank of CEO back in February, having succeeded Markos Kashiouris – the change of direction followed a recent capital injection to the firm’s UK operations earlier in 2015. Mr. Mitsi originally joined IronFX UK in 2013, having come over from IG Group Holdings. Prior to his promotion to CEO, he worked as IronFX’s Head of UK Sales.
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In his new role as the CEO of BDSwiss, Mr. Mitsi will be based out of Vienna. BDSwiss is a binary options provider regulated by the Cyprus Securities and Exchange Commission (CySEC).
Even prior to Mr. Mitsi’s departure from IronFX, the broker has had a tumultuous H2 2015 thus far, following an announcement that it was under investigation from the Cyprus Securities and Exchange Commission (CySEC) last month. Leading up to the investigation, numerous complaints had been lobbied against it by clients who had been denied withdrawal requests, which consequently prompted action by the Cypriot regulator. Subsequently, the broker has continued to put the withdrawal requests of dozens of its customers on hold, on the grounds of an ongoing investigation into bonus abusing by its clients.